---
schema_version: "secwatch.filing_event.v1"
accession: "0001650164-25-000288"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:46:31.962902+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Toast Q2 2025: record 8,500 net new locations, ARR up 31% to $1.9B, net income $80M

## Summary
- ARR grew 31% YoY to $1.9B; total locations up 24% to ~148,000.
- Record 8,500 net new locations; GPV up 23% to $49.9B.
- GAAP net income $80M (vs $14M); Adjusted EBITDA $161M (vs $92M).
- Subscription & fintech gross profit grew 35% YoY to $447M (GAAP).
- Partnership with American Express; launched Toast Go 3; first AU customer.

## SEC filing metadata
- accession: 0001650164-25-000288
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650164/000165016425000288/0001650164-25-000288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000165016425000288/tost-20250805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650164-25-000288
- JSON: https://secwatch.observer/filing/0001650164-25-000288.json
- Plain text: https://secwatch.observer/filing/0001650164-25-000288.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.